Former Federal Reserve governor Kevin Warsh said in a Fox Business interview on Monday that U.S. tariffs on Chinese goods are “not inflationary” and argued that the central bank should move to lower interest rates. Warsh added that he has “sympathy” for former President Donald Trump’s frustration with the Fed’s policy decisions, describing parts of the institution as containing “plenty of deadwood” in need of reform. The remarks come as Warsh is viewed in Washington as a possible Trump nominee for Federal Reserve chair should the former president secure a second term, a prospect that has drawn fresh attention to Warsh’s public positions on monetary policy and Fed governance.